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RE: STEEM: Incredible Wealth For All....
I think we just need to see the price steady at around $4-5 dollars and once the post payouts increase to a substantial level that will really draw a lot of attention to Steem. I think the reason we havent got there already is that there's always going to be a lot of selling pressure with this crypto because people are earning it here in quite vast quantities and then cashing out. With all the people cashing out you need greater buying demand to increase the price. That is probably the biggest issue for the Steem price
Great point @captaincanary.
I didnt consider the higher $ amounts listed (although they are the same reward system as always since that is figured out in steem and sbd). I might have to add that to a post...
I believe the move from $250B to $420B in a couple weeks is simply because we are seeing the power of Wall Street starting to emerge. That is the only entity that I know that can move things up that quickly. For that reason, I think buyers for all of the top 40 or 50 coins will come out in droves. BTC will still receive a fair bit of that money since it has the name but the spillover will end up in other tokens.